• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Tuesday, September 16, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

VR Camera Company Lytro Winds Down

margin707 by margin707
March 28, 2018
in News
Reading Time: 3 mins read
0
Share on TwitterShare on Facebook

It is evident the VR industry offers a lot of new and existing business opportunities. Not all of these ventures will prove to be successful, though. In the case of Lytro, their “light field VR camera” seems to be well ahead of its time. The company will effectively wind down and most of its employees will jump ship to Google. This doesn’t mean the company will stop exploring new opportunities in the future, though.

A Major Change for Lytro

Some VR enthusiasts may have come across the name Lytro before. This particular company is building a light field camera in the VR industry. Unfortunately, it seems something has come up, forcing the company to no longer take on new productions or offering professional services. This is a bit of a vague statement, as no one knows for sure what the future will hold for the company as of right now.

More specifically, the company will “wind down” in the future, although they will still remain operational. As such, the company eagerly looks for new opportunities and services to make an impact. While most of the company’s employees are on the way out to Google, it is evident not everyone will leave the company in the near future…

There are several patents owned by this company which still hold some value. Google has officially acquired Lytro, but it seems they will not completely absorb the country as of right now. Some of the employees will move to Google, but the rest will remain at the firm itself. The employees jumping ship will focus on multiple divisions, and will no longer be a part of the Lytro’s previous camera work.

It is evident the camera technology developed by Lytro can be successful. Unfortunately, the lack of funding and limited success with their camera have forced the company to pursue other options. In 2015, the company already laid off a significant portion of its workforce before focusing on VR. It now seems that venture has not been overly successful either. A worrisome development, but the company still has some gas left in the tank, by the look of things.

If you liked this article make sure to follow us on twitter @thevrbase and subscribe to our newsletter to stay up to date with the latest VR trends and news.

Tags: VR
Previous Post

Live UAE Football Games are Coming to Mobile VR headsets Worldwide

Next Post

Sony Cuts PlayStation VR Prices by 25% in Europe and the UK

Related Posts

XRP’s Coinbase Supply Crash Sparks Q4 Rally Speculation
Market Analysis

XRP Coinbase Supply Crash Sparks Q4 Rally Speculation

September 16, 2025
Featured

Pakistan Moves to Regulate Digital Asset

September 14, 2025
shibarium-shib-hardfork 1
Featured

Shibarium Bridge Hit by $2.4M Exploit

September 14, 2025
coinbase-ceo-bitcoin-Brian Armstrong 1
Featured

Coinbase Explains How Token Listings Work

September 14, 2025
XRP Targets a Breakout as Bulls Eye a 20% Surge
Market Analysis

XRP Targets a Breakout as Bulls Eye a 20% Surge

September 13, 2025
Featured

Bitcoin Takes a Breather After Record High – But the Bulls Aren’t Done Yet

September 13, 2025

Press Releases

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?
News

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

by Alex Mercer
September 10, 2025

Ripple’s XRP is flirting with the $3 mark again, thanks to a tidal wave of speculation around a potential ETF...

Read more
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier